{
  "url": "https://openlegislation.uk/insurance-companies-regulations-1994/regulation-56",
  "json_url": "https://openlegislation.uk/insurance-companies-regulations-1994/regulation-56.json",
  "legislation": "uksi/1994/1516",
  "legislation_title": "The Insurance Companies Regulations 1994",
  "legislation_url": "https://openlegislation.uk/insurance-companies-regulations-1994",
  "path": "regulation/56",
  "kind": "regulation",
  "number": "56",
  "heading": "Other assets",
  "text": "(1) The value of any approved securities shall be—\n(a) in the case of listed securities, the middle market quotation;\n(b) in the case of securities which are not transferable, the amount payable on a surrender or redemption of such securities at the relevant date; and\n(c) in any other case, the amount which would reasonably be paid by way of consideration for an immediate transfer or assignment thereof.\n(2) The value of shares in any building society or industrial and provident society shall be the amount which would reasonably be paid by way of consideration for an immediate transfer or assignment thereof.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1996/942",
      "affecting_title": "The Insurance Companies (Amendment) Regulations 1996"
    },
    {
      "type": "amended",
      "affecting": "uksi/1996/942",
      "affecting_title": "The Insurance Companies (Amendment) Regulations 1996"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1996/942",
      "affecting_title": "The Insurance Companies (Amendment) Regulations 1996"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1996/942",
      "affecting_title": "The Insurance Companies (Amendment) Regulations 1996"
    },
    {
      "type": "added",
      "affecting": "uksi/1996/942",
      "affecting_title": "The Insurance Companies (Amendment) Regulations 1996"
    },
    {
      "type": "substituted",
      "affecting": "uksi/1995/3248",
      "affecting_title": "The Insurance Companies (Amendment) Regulations 1995"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1516/regulation/56",
    "retrieved_at": "2026-10-29T13:31:36.830993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}